Pritzker beach property listed

July 23, 2010|By Bob Goldsborough, Special to the Tribune

Nicholas Pritzker, CEO and chairman of the Hyatt Development Corp., has placed his mansion in Covert, Mich., on the market for $4.95 million.

Pritzker and his wife, Susan, who also live on the Gold Coast, have been dividing their time between Chicago and California, which is why they listed their estate in southwest Michigan, said listing agent Karen Strohl of Prudential Rubloff.

"They really are orienting themselves toward California more, where they have another property," Strohl said.

Built by Pritzker in 1992 and located about a two-hour drive from downtown Chicago, the 7,325-square-foot contemporary mansion on 45 acres on Lake Michigan was designed by architect Charles Fill. Features include four bedrooms, 41/2 baths, a library, family/media room, exercise room with a locker room, rec room, billiard room, two mechanical rooms, walnut floors and doors, and large windows, she said.

The house has a 3,685-square-foot ground level, about 1,135 square feet of space above grade that contains the master suite and the family room/media room, and about 2,505 square feet below grade, she said.

"The house really takes advantage of big views of the lake with big windows," Strohl said.

Outdoor features include 425 feet of private beach, a courtyard, a terrace with a fireplace and an in-ground whirlpool, she said.

"The area is very natural and heavily wooded with a lot of ravines, so the house was designed to fit very much into the landscape," Strohl said. "The house also is not on that high of a bluff, which makes the property more valuable since it isn't such a hike down to the beach."

Linda Folk of Prudential Rubloff's New Buffalo, Mich., office is the co-listing agent for the property.

Reporter cuts price

WLS-Ch. 7 reporter Sarah Schulte has reduced the asking price of her three-bedroom vintage condominium unit in Lincoln Park to $659,900 from $699,000.

A Highland Park native who has been with the ABC station since 1998, Schulte, 46, has owned the renovated top-floor duplex unit since buying it in 2002 for $625,000.

Located in a building that was constructed in 1895, the nine-room duplex has 21/2 baths, two fireplaces, large windows and high ceilings. Other features include vintage moldings, an updated kitchen, updated baths and new decks.

Schulte cut the price Monday.

"The condo is fabulous," said listing agent Suzanne Gignilliat of Koenig & Strey. "Plus, the home is in the Lincoln School District, a wonderful plus for anyone with children."

Schulte and her husband have not decided where they are going to move, Gignilliat said.

Naperville mansion

A 19-room French Provincial-style mansion in Naperville has come on the market for $5.19 million, and if the home sells for its asking price, it would rank as Naperville's highest-priced sale ever.

Naperville's record is the $4.95 million sale of a nearly 12,000-square-foot mansion in 2008 to the CEO of an energy company.

Built in 2006, the seven-bedroom home has seven full baths, three half-baths, seven fireplaces, a two-story great room with a stone fireplace, three kitchens, a five-car garage and a walk-out lower level with a pub, home theater, family room, billiard room and wine cellar.